Government Shutdown Puts Boehner in a Tough Spot
The speaker’s stark choice: Please the tea party or lose his job.
House Speaker John Boehner holds the key to how long the federal government is shuttered.
As soon as the Ohio Republican backs away from the demands of the GOP’s tea party wing and offers a “clean” resolution to fund government programs for the short term, enough Republicans will join House Democrats to pass it and end the standoff.
It’s a tough choice for Boehner, and it could cost him the speakership if enough tea partyers withdraw their support for him. So far Boehner shows no signs of giving ground, despite growing public calls from some members of his caucus and the business community to give up trying to eliminate spending for President Obama’s health care law in the funding resolution.
Sign up for Kiplinger’s Free E-Newsletters
Profit and prosper with the best of expert advice on investing, taxes, retirement, personal finance and more - straight to your e-mail.
Profit and prosper with the best of expert advice - straight to your e-mail.
But he’ll have to back down eventually, lest he and his party get blamed for taking their ball and sending others — in this case, nonessential federal workers — home.
It doesn’t matter whether people think Obamacare is a good idea or a bad idea. It’s the law of the land; it was deemed constitutional by the Supreme Court; and more than 40 other attempts to block funding or delay implementation passed the Republican-controlled House, only to die in the Democratic-led Senate. It’s difficult to get your way when you control one chamber of Congress and the other party holds the other chamber and the White House.
Sometimes you have to compromise. And sometimes you have to surrender to reality. The longer it takes Boehner to stand up to the tea partyers, the angrier voters will get. At this point, polls show that most voters oppose the idea of using the federal budget as a pawn in the health care game. Even many of those who dislike the insurance mandate don’t like how House Republicans are acting.
The ultimate irony here is that at 12:01 a.m. Tuesday, when the government closed, enrollment in Obamacare opened.
There’s a right time to debate whether to make changes in the health law, and a right time to argue about the size, reach and power of the federal government. It’s probably best to do that without the added pressure of a government shutdown that will serve as a drag on the economy if it lasts more than a day or two.
But even if this impasse ends quickly, a fight over legislation to raise the federal debt ceiling is just weeks away. Republicans are making noise about going after Obamacare in that legislation, too, so a default by Uncle Sam isn’t out of the question.
Neither impasse will hurt House Republicans running for another term in 2014. Only a relative handful of districts are competitive, and Boehner’s party has a comfortable advantage.
They will undercut GOP chances of capturing the Senate, though, and may make it more difficult for Republicans to win back the White House in 2016.
There is, to be sure, a need for the president and lawmakers from both parties to get serious about addressing the federal debt. That will require a comprehensive approach, including tax reform and an overhaul of entitlement programs such as Medicare, Medicaid and Social Security, as well as spending cuts.
That can’t be done piecemeal. And it can’t be done as part of a frantic bid to get the government back to work.
It will take two parties working together, not standing alone.
Right now, that’s hard to imagine.
Get Kiplinger Today newsletter — free
Profit and prosper with the best of Kiplinger's advice on investing, taxes, retirement, personal finance and much more. Delivered daily. Enter your email in the box and click Sign Me Up.
-
Stock Market Today: Stocks Rally Despite Rising Geopolitical Tension
The main indexes were mixed on Tuesday but closed well off their lows after an early flight to safety.
By David Dittman Published
-
What's at Stake for Alphabet as DOJ Eyes Google's Chrome
Alphabet is higher Tuesday even as antitrust officials at the DOJ support forcing Google to sell its popular web browser. Here's what you need to know.
By Joey Solitro Published
-
Will EVs Drive the Vote in Election 2024 Swing States?
Tax Credits Electric vehicle tax credits have somehow become controversial. So car buyer attitudes in swing states might make a difference.
By Kate Schubel Last updated
-
How Four Recent Supreme Court Rulings Impact Your Money
Supreme Court Some U.S. Supreme Court decisions could affect your finances. Here’s what you need to know.
By Kelley R. Taylor Last updated
-
Are Student Loans Being Forgiven or Not?
Student Loans The House and Senate voted to repeal President Biden’s student loan forgiveness plan, but does it even matter?
By Katelyn Washington Last updated
-
AI Regulation is Looming: Kiplinger Economic Forecasts
Economic Forecasts Find out what Washington and regulators have planned for artificial intelligence.
By John Miley Published
-
Etsy, eBay, PayPal Want IRS 1099-K Relief for Online Sellers
Income Tax Companies like eBay, Etsy, and PayPal want Congress to raise the $600 reporting threshold for IRS Form 1099-K to give relief to millions of sellers who use their sites.
By Kelley R. Taylor Published
-
Student Loan Forgiveness Blocked For Now Due to Court Rulings
Biden's student loan debt forgiveness program is on hold until the U.S. Supreme Court weighs in.
By Kelley R. Taylor Published
-
Will Any Tax Priorities Gain Ground in 2023?
A power split in Congress for 2023 means key Democratic and Republican tax policies could be stalled.
By Kelley R. Taylor Last updated
-
Student Loan Refunds Are Real, But You Might Not Be Eligible
student loans Since President Biden announced student loan debt relief, there has been a lot of talk about student loan refunds, which surprisingly have been around for a little while.
By Kelley R. Taylor Last updated